First published: 16-Jun-2026 11:15:13

Abu Dhabi, United Arab Emirates   Mubadala Investment Company (“Mubadala”), Abu Dhabi’s sovereign wealth fund, announced its acquisition of a $200 million stake in Equitex’s Greenlink project, a joint venture between Equitex and Baltic Cable. Greenlink operates the 504 MW subsea power interconnection between Great Britain and Ireland. This investment reflects Mubadala’s ongoing focus on expanding its strategic infrastructure portfolio, supporting more interconnected, efficient, and resilient energy systems.

Greenlink is a high-voltage subsea electricity interconnection project spanning approximately 190 kilometers between Great Britain and Ireland. It is regulated by the UK's energy regulator, Ofgem, and the Irish Utilities Regulatory Commission. The project utilizes high-voltage direct current (HVDC) technology, which is highly efficient for long-distance power transmission. Its nominal capacity is equivalent to supplying electricity to approximately 380,000 homes. Greenlink plays a pivotal role in supporting the integration of renewable energy sources, enhancing the resilience of the electricity grid, and facilitating cross-border energy flows. This contributes to greater security of supply, improved market efficiency, and stronger interconnection within the broader European energy system.

Greenlink has been classified as a “common interest project” in the European Union, reflecting its strategic importance in enhancing regional energy security and supporting the integration of European electricity markets .

This investment is based on a well-established regulatory framework that provides a clear and long-term view of future revenue streams, and reinforces the project’s position as a key and vital infrastructure asset in both markets .

By keeping pace with the rapid shifts in supply and demand within the electricity markets in the United Kingdom and Ireland, the Greenlink project enjoys a strategic position as it combines meeting the requirements of the energy sector transformation and infrastructure modernization, in line with Mubadala’s strategy to invest in assets linked to major global trends and partner with leading platforms.

On this occasion, Karim El-Jazzar, Head of Infrastructure for Europe, the Middle East and North Africa at Mubadala's Physical Asset Investments division , said: "This investment reflects our continued focus on high-quality infrastructure assets, which are a cornerstone for supporting the growth of modern economies, including those that enable the creation of more interconnected and efficient energy systems. The Greenlink project is a strong example of infrastructure projects that combine strategic importance with sustainable economic value. With the rapid development of energy markets, electricity interconnection lines are becoming increasingly important in supporting cross-border energy flows, facilitating the integration of renewable energy sources, and ensuring grid stability. Our partnership with Equitex translates this strategy into action by combining efforts to enhance regional connectivity and support the energy transformation across European markets."

For his part, Ashal Buania, Chief Investment Officer at Equitex, said: “We are delighted to partner with Mubadala on the Greenlink project, which reflects our shared vision for high-quality, strategically important infrastructure assets. This collaboration will leverage the established global expertise of both Mubadala and Equitex in the infrastructure sector, enhancing the project’s position and ensuring that the growing demands of interconnected energy markets are met efficiently . Greenlink is a vital asset that contributes to strengthening the resilience of the energy system, enabling cross-border connectivity, and supporting the transition to a low-carbon energy system.”

This investment reinforces Mubadala’s growing presence in Europe’s energy infrastructure sector and underscores its established approach of forging and strengthening strategic partnerships and investing in vital assets that support the building of more efficient and sustainable energy systems globally.

About Mubadala Investment Company :

Mubadala Investment Company is a sovereign investment company managing a global portfolio of businesses. Its mission is to generate sustainable financial returns for the Government of Abu Dhabi. With a portfolio valued at AED 1.414 trillion ( approximately US$385 billion ) , Mubadala invests across six continents in various sectors and asset classes. The company leverages its extensive industry expertise and long-standing global partnerships to generate profits and contribute to sustainable growth, supporting efforts to build a diversified and integrated national economy. For more information about Mubadala, please visit the company's website at www.mubadala.com

For media inquiries, please contact Dana Jamal Al Suwaidi via email at: djalsuwaidi@mubadala.ae

About Equitex

Equitex is one of the leading investors in the SME infrastructure sector in Europe, managing assets worth nearly US$20 billion within a diversified global portfolio.

Since its founding in 2007, Equitex has successfully built a market-leading platform based on responsible investment principles, specialized expertise across various sectors, and long-term partnerships. The company's investments span social infrastructure, transportation, renewable energy, environmental services, network utilities, and digital assets, supported by teams spread across the UK, Europe, North America, the Middle East, and Asia.

Through a disciplined investment approach and strong local partnerships, Equitex achieves inflation-linked returns and delivers sustainable value to investors, communities and its public sector partners.

For media inquiries, please email: equitix@teneo.com

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